Fixed Asset Verification is a systematic process of physically inspecting and verifying the existence, location, and condition of a company’s fixed assets. It helps reconcile the physical assets with the books of accounts, ensuring accurate financial reporting, asset control, and regulatory compliance.
Confirm the physical existence of assets recorded in the books
Detect discrepancies such as missing, idle, or obsolete assets
Prevent misappropriation or theft of assets
Ensure proper tagging, classification, and location tracking
Support statutory audits, insurance assessments, and financial due diligence
Preparation of detailed fixed asset register
Physical verification of each asset by location and department
Tagging and barcoding of assets for easy identification
Reconciliation with financial records and depreciation schedules
Reporting of variances, obsolete items, and recommendations
Support for internal and statutory audits
Improved accuracy in financial statements and audit readiness
Strengthened internal control over asset usage and movement
Reduced risk of fraud and insurance issues
Efficient tracking of depreciation and asset lifecycle
Enhanced budgeting and capital planning
Experienced professionals with domain expertise
Customized verification formats and asset tagging systems
On-site physical audits with complete documentation
Technology-enabled tracking and MIS reports
Comprehensive reconciliation and variance reporting
Email: info@ssconsultancy.net
Phone: +91 92468 22006
Ensure your fixed assets are accurately recorded, safeguarded, and optimized with expert verification services.
Hyderabad
+91 92468 22006